During Ramadan, Indonesian installment consumption service platform Kredivo launched 0 interest installment payment

According to the 2020 Indonesia E-commerce Behavior Report released by Katadata Insight Center in collaboration with Kredivo , product purchases increased significantly during major events and festivals. For example, on the second day of Eid al-Fitr, the transaction amount increased by 1.8 times compared to the daily average transaction amount on normal days .

To adapt to this demand, Kredivo, Indonesia’s leading digital credit platform , launched special promotions during Ramadan 2021 , with 0% interest on installments and discounts and offers of up to 500,000 rupiah for online and offline merchants .

The 3- month and 6-month installment payment activities will be held on April 25 and May 1, 2021, and discounts of up to 500,000 will be offered to offline merchants, and discounts of up to 100,000 will be offered to online merchants until May 12 , 2021 .

Lily Suriani, general manager of Kredivo, said : " Now that people are able to travel and move around without restrictions and the economy is recovering, we believe that only the support of all parties can keep the economy going. "

Lily Suriani said that the 0 % installment campaign and discounts of up to $500,000 are efforts made by Kredivo to meet people's needs . They chose Kredivo as their payment partner for the transaction, which can also stimulate shopping spending by Indonesian consumers .

In addition, the Indonesia E-Commerce Behavior Report 2020 shows that products in the gadgets , fashion, and home equipment categories are the product categories with the largest transaction amounts.

Currently, Kredivo has partnered with many well-known e-commerce and retailers such as Tokopedia , Bukalapak , Lazada , Zalora , Blibli , JD.ID , IKEA , Erafone , etc. to meet consumers' payment needs.

Lily Suriani : “ This 0% installment payment activity is definitely very beneficial to consumers. In addition to being able to satisfy consumers’ shopping desires , consumers can also experience the convenience that they cannot experience on other payment platforms , because Kredivo has established partnerships with more than 1,000 well-known merchants (including e-commerce and offline merchants) . Our users can enjoy 0% interest payments anytime and anywhere without going through complicated processes and long waits. "

Indonesia

Kredivo